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Innovative Approaches to Funding the Millennium Development Goals [electronic resource] / Helmut Reisen

By: Material type: ArticleArticleSeries: OECD Development Centre Policy Briefs ; no.24.Publication details: Paris : OECD Publishing, 2004.Description: 39 p. ; 21 x 29.7cmSubject(s): Online resources: Abstract: • Despite post-Monterrey donor initiatives, the Millennium Development Goals (MDGs) are underfinanced. • The revenue potential, the additionality and the speed of availability of new finance sources, and their political feasibility, are of particular importance. • On these criteria, it is unlikely that global taxes will be introduced in time. • The International Finance Facility, strengthened use of public guarantees and Global Premium Bonds, perhaps in combination, may stand a better chance of providing additional funds for the MDGs. • The most straightforward way to avoid underfunding of the Goals is to raise ODA further.Other editions: Financer les objectifs du millénaire pour le développement : Nouvelles approches
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• Despite post-Monterrey donor initiatives, the Millennium Development Goals (MDGs) are underfinanced. • The revenue potential, the additionality and the speed of availability of new finance sources, and their political feasibility, are of particular importance. • On these criteria, it is unlikely that global taxes will be introduced in time. • The International Finance Facility, strengthened use of public guarantees and Global Premium Bonds, perhaps in combination, may stand a better chance of providing additional funds for the MDGs. • The most straightforward way to avoid underfunding of the Goals is to raise ODA further.

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